A few weeks ago I published a list of 35 Latina founders who had raised more than $1 million in funding. Since then 15 additional names have been verified, bringing the list up to 50!
Data on Founders
Like many others, I was interested in knowing more about these 50 founders. I used public data and data the founders shared with me privately to get a better understanding of who they are.
24% of Latina tech founders who have raised more than $1 million are solo founders and almost 50% are CEOs
One of the most frequent questions I received about these founders was their family’s country of origin. This stemmed primarily from a number of Latina women who had been looking for role models and were extremely excited to finally find a fellow Venezuelan or Puerto Rican to look up to. I listed the Latin American countries these founders and their families come from below to help showcase the various countries represented.
The “biracial” data represents a number of non-Latin American countries, which I included to emphasize what we know about Latinxs coming from a variety of backgrounds. There were several founders who came from two Latin-American countries, those countries are both counted for on the graph.
Data on Companies
We had 3 pairs of Latina co-founders! Therefore I sliced the data by company (N=47) to take a look at where these companies are located and who is helping them get started.
81% of Latina-founded companies who have raised more than $1 million are based in the United States, and they are concentrated in New York and California
As a YCombinator founder myself, I was curious about who else was helping these companies get started. I was surprised to see 36.2% of the companies never went through an accelerator, including 4 of the top 5 most funded companies. 10.6% of all companies went through multiple accelerators or incubators. YCombinator has funded the largest number of Latina-founded companies who have raised more than $1 million in funding, at 25.5%.
36.2% of the 50 Latina-founded companies never went through an accelerator or incubator, including 4 of the top 5 most funded companies
Today, I am excited to share the updated list of 50 founders: